Think the BRRRR method (buy, rehab, rent, refinance, repeat) is dead because of high interest rates and rising home prices? Think again. We’re doing BRRRR deals right now that are making us cash flow and serious equity while most investors sit on the sidelines. But how do we FIND these money-making BRRRR deals? We’re sharing the new BRRRR formula in today’s episode, along with more questions and answers from the BiggerPockets Forums.
Besides uncovering our BRRRR secrets, we’re helping an investor scale from single-family rentals to multifamily rentals. This is a BIG jump, and there’s a smarter way to scale your way up to big, new-build multifamily buildings. Next, an investor finally sees the light, realizing cash flow ISN’T everything. He’s about to walk into a nice chunk of equity with his new property, but is the cash flow TOO low (should he worry)?
What were you thinking about when you were 18? Maybe you were stressing out about college applications or sleeping in until noon. One ambitious young investor wants to get his first rental at just 18 years old, but on this rare occasion, we advise against it. If you’re in his position, too, we’d recommend doing something else first. Finally, are “small towns” too risky to invest in? How small is too small? We’re getting into it in this episode!
Dave:
If you’re struggling to move forward towards financial freedom, keep listening or answering your questions today. What’s up everyone? It’s Dave Meyer, head of Real Estate investing at BiggerPockets, joined by Henry Washington today, and we’re diving back into the BiggerPockets forums to help the people out with a little q and a. We’re going to touch on how to make a burr work in today’s environment when it’s the right time to scale up from residential to multifamily investing, how to invest at a very young age and much more. Henry, how’s it going? What’s
Henry:
Going on? Dave? Happy to be here.
Dave:
Good. Well, we’ve got some…